Page 3 - Nikunj Ohri

Centre appoints Rajkiran Rai as NaBFID managing director for nearly 5 years

FSIB had recommended Rai's name for the top job in July

India's July WPI inflation eases to 13.93% as food, fuel prices decline

Wholesale Price Index-based (WPI) inflation was 15.18 per cent last month and at a record high of 16.63 per cent in May. It was 11.57 per cent in July 2021

Jal Jeevan Mission makes significant strides in 3 years since inception

Around 52% of rural households have been provided piped water supply till August

BEML to list land holding company, clearing way for privatisation

Defence PSU's board will meet on August 18 to finalise a proposal for share allotment

Income taxpayers can't join Atal Pension Yojana from Oct 1: Govt

Social security scheme should reach the poor and underprivileged, says official

LIC ropes in Milliman Advisors to derive September embedded value

Embedded value is an important metric that indicates an insurance company's performance, and is the sum of adjusted net worth and value of in-force business or estimated future profits

Centre shortlists six investment banks to assist in HZL stake sale

Centre is looking to sell its residual 29.5% in tranches through offer for sale mechanism

NLMC to hire company secretary as it preps for commencing operations

SPV is tasked to monetise 3,479 acres surplus land of state-owned firms

Centre asks IBA to ready EASE-like plan for regional rural banks

The banks' lobby group has been asked to assist with the preparation of the viability plan for RRBs

Trade settlement in rupee: Fearing sanctions by West, banks seek clarity

Large banks with overseas operations have sought clarity and assurance from RBI that they will not be targeted with sanctions for facilitating rupee trade with a sanction-hit country such as Russia

Health care may feature in PM Narendra Modi's Independence Day speech

August 15, 2022, will mark the 75th year of India's independence

Four PSU insurers lacked appropriate checks and controls: CAG report

Report finds lapses such as multiple settlement of claims, excess payment over insured sum

Panel led by cabinet secy seeks more info on Central Electronics sale

Privatisation of state-owned firm held up after money laundering case against top bidder

Centre cites policy to reject union's proposal to merge RINL with SAIL

Public sector undertakings (PSUs) in non-strategic sectors shall be considered for privatisation, or they shall be closed, said Minister of State Finance Bhagwat Karat in Rajya Sabha.

Private banks reported most data breaches in 2018-22: Parliament told

Attacks caused loss of business and personal data, says junior finance minister

India's manufacturing activity expands at quickest pace in 8 months

Job creation is subdued though companies step up purchasing and report solid manufacturing activity

PNB raises asset quality guidance, aims to lower net NPA to 3.5% by March

Gross NPAs reduced to 11.27% in April-June quarter from 14.33% a year ago; eight accounts worth Rs 2,486 cr will be transferred to NARCL

PNB net profit drops 70% YoY to Rs 308 crore in April-June quarter

The state-owned lender had reported a Rs 1,023 crore profit in April-June 2021 on account of healthy cash recovery and upgrade of Rs 8,270 crore

IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage

Currently, the RBI guidelines require promoters to reduce their shareholding to 26 per cent in 15 years

Divestment push: RBI allows IDBI Bank bidders to own more than 40%

Govt and LIC look to sell 51-74% stake in the lender through strategic disinvestment